249
249
Dec 12, 2012
12/12
by
CNBC
tv
eye 249
favorite 0
quote 0
the world ending or the fiscal cliff? >> about the same i think. >> one could bring about the other. >> i think it's no accident they're both approaching. that's how i'm going to read the tea leaves. as you see, a mixed picture this morning. people mostly waiting on the fed decision later today. the major boards green, the ftse adding .25%. the same for the xetera dax and idex. we saw the news of monti's resignation on monday. they've recovered from then. wanted to show the ibex 35, up .3% in spain. there was an italian debt auction that went over well. that's helping sentiment. the owner of zara, one of the strongest retailers in europe, out with sales. you see that their shares are down. even though their nine-month sales figure was up 17% year on year, they said so far in the fourth quarter that figure was slowing to something in the range of 15%. so still a strong set of figures from inbitex. if you're concerned about the consumer, but not as strong as we have seen in the past. that's what's happening in spain. i want
the world ending or the fiscal cliff? >> about the same i think. >> one could bring about the other. >> i think it's no accident they're both approaching. that's how i'm going to read the tea leaves. as you see, a mixed picture this morning. people mostly waiting on the fed decision later today. the major boards green, the ftse adding .25%. the same for the xetera dax and idex. we saw the news of monti's resignation on monday. they've recovered from then. wanted to show the...
215
215
Dec 12, 2012
12/12
by
CNBC
tv
eye 215
favorite 0
quote 1
optimism on the fiscal cliff being resolved. i'll tell you this, somebody's very wrong about 2013, because there's two camps that are quite at odds with each other right now. the first one i've been telling you about, it's been quat bearish on this. that the fiscal cliff will be a headwind for stocks. that this represents the start of a new american austerity, that higher taxes, lower spending is not bullish for the stock market in 2013. this group has been arguing, i've been saying this for two weeks, what this group wants, you buy into the fiscal cliff and then sell immediately after for some unspecified period. on the other side, and i think the majority is moderately bullish on 2013, most are clearing up policy issues in washington and europe, will help the stock market overall. jpmorgan, thomas lee, the s&p 500 he thinks is going to be up 13% in 2013. he set a price target of 1580 or so. that would be the old historic high. >> carl has the press release from berkshire hathaway now. >> december 12th, purchased 9,200 of the c
optimism on the fiscal cliff being resolved. i'll tell you this, somebody's very wrong about 2013, because there's two camps that are quite at odds with each other right now. the first one i've been telling you about, it's been quat bearish on this. that the fiscal cliff will be a headwind for stocks. that this represents the start of a new american austerity, that higher taxes, lower spending is not bullish for the stock market in 2013. this group has been arguing, i've been saying this for...
83
83
Dec 12, 2012
12/12
by
CNBC
tv
eye 83
favorite 0
quote 1
as implied bit entire fiscal cliff. i think that is probably the underlying assumption that most people took when they made their projection. but you are absolutely right, there is a lot of uncertainty right now. and if the fiscal cliff situation turns out to be resolved in a way very different from our expectations, i'm sure you would see changes in the forecast. [ inaudible ] >> thank you very much, mr. chairman. could you talk about whether the decision to maintain the monthly bond purchases at 85 billion a month is ramping up or additional easing to fed policy. because you are now adding more to the size of balance sheet. and also, you know, you talked about maintaining the asset purchases until you see substantial improvement in the labor market. and you want it take a quote different approach, but you also have the 6.5% inflation threshold out there as well. could you take about what sort of evidence you would see to make you change the pace or slow the pace of purchases. >> snirs pafirst part of your q is -- >> i
as implied bit entire fiscal cliff. i think that is probably the underlying assumption that most people took when they made their projection. but you are absolutely right, there is a lot of uncertainty right now. and if the fiscal cliff situation turns out to be resolved in a way very different from our expectations, i'm sure you would see changes in the forecast. [ inaudible ] >> thank you very much, mr. chairman. could you talk about whether the decision to maintain the monthly bond...
257
257
Dec 12, 2012
12/12
by
CNBC
tv
eye 257
favorite 0
quote 0
you look at fiscal cliff and what's going on in europe. they are standing on guard ready to make decisions very quickly, so when the survey was done. fiscal cliff didn't seem to have as much energy around t.each day that passes we're hearing from our clients, we're going to hold off and we have to make sure. it's really the quickness in which they can do this. >> i was going to ask you if you did that survey today, i wonder whether or not the hiring plans would be a little bit different. if we go into recession or are go over the cliff, what do you think the survey results would look like? >> it's a great question, and, you know, of course, you can't get down to what those 18,000 employers would really say now because some still have demand and some would be less impacted and more impacted. we look at our clients and what they are trying to do right now. 27% in this survey said there would be no change, and the reason this number is high and higher than we've seen, they are holding their hands tight. okay. what do i do? don't know what to
you look at fiscal cliff and what's going on in europe. they are standing on guard ready to make decisions very quickly, so when the survey was done. fiscal cliff didn't seem to have as much energy around t.each day that passes we're hearing from our clients, we're going to hold off and we have to make sure. it's really the quickness in which they can do this. >> i was going to ask you if you did that survey today, i wonder whether or not the hiring plans would be a little bit different....
239
239
Dec 12, 2012
12/12
by
CNBC
tv
eye 239
favorite 0
quote 0
how helpful would it be to see as part of the fiscal cliff resolution some near-term stimulus? the president's proposed that. do you think -- how helpful do you think that would be, and i'll ask my followup now? whatever happened to your southern accent? >> well, on the second one i'd like to think i'm bilingual. when i go home, sometimes it comes out pretty strongly, but i won't try to do that here. so i try to be careful, as you know, not to give views on specific tax-and-spending programs. i think, of course, obviously those are the province of the administration and congress. the attitude i've taken has been that at a minimum congress should try to do no harm, that they should try to avoid policies that -- that significantly slow or derail the recovery at this point, so i think that's the critical thing, along with the long-term objective of achieving a sustainable fiscal path. now, given that basic -- that basic recommendation, you know, congress can consider variations. for example, if they believe that they can achieve a strong, credible future path for fiscal policy, th
how helpful would it be to see as part of the fiscal cliff resolution some near-term stimulus? the president's proposed that. do you think -- how helpful do you think that would be, and i'll ask my followup now? whatever happened to your southern accent? >> well, on the second one i'd like to think i'm bilingual. when i go home, sometimes it comes out pretty strongly, but i won't try to do that here. so i try to be careful, as you know, not to give views on specific tax-and-spending...
95
95
Dec 12, 2012
12/12
by
CNBC
tv
eye 95
favorite 0
quote 0
so where specifically are they putting all that money to work in light of fiscal cliff? take a listen to what bla blackrock's robert casid 0 to me. he manages the firm's $3.7 trillion in assets. >> does this mean we good over the fiscal cliff. >> it is a very high likelihood it does or 11:59 on december 31st with a lot of hoopla. but tax rate are going to go up. there is a going to be a conclusion to this. even if it waits until the last minute. even if it is in january, what it is going to mean is slow growth. it may mean that we lose the entire first quarter because everybody is still worrying and talking about the issue. and here we go, clients again, investing in a time when they need to be invested. >> he also thinks if we go over the cliff it might trig ear recession. what about the fed? as you know, it announced those big moves today. tying any move in rates to the unemployment rate. are we in a bond double? we will hear from blackrock's chief investment officers of fundamentals fixed income reader told me later. >> ty, over to you. >> thank you very much. to the
so where specifically are they putting all that money to work in light of fiscal cliff? take a listen to what bla blackrock's robert casid 0 to me. he manages the firm's $3.7 trillion in assets. >> does this mean we good over the fiscal cliff. >> it is a very high likelihood it does or 11:59 on december 31st with a lot of hoopla. but tax rate are going to go up. there is a going to be a conclusion to this. even if it waits until the last minute. even if it is in january, what it is...
133
133
Dec 12, 2012
12/12
by
CNBC
tv
eye 133
favorite 0
quote 0
we have to learn to stop worrying and love the fiscal cliff. the leaders i talked to today know their actions will take us over the cliff. i understand there is now perception among the media that the man who got every republican to pledge no new taxes is spent. the no tax increase republicans regard the stance as a birthright. a guy that is so anti-spend that he seemed to care more on these issues and more about the accountability for the disaster relief money. i can't really believe that. but a lot of guys down there will do anything to prove a point. but i can tell you there are enough garrets to force us over the cliff. given that the president is not going to let up. got a question either people don't know about the cliff or they believe that a deal will be done. and they that they have fulfilled the norquist pledge. where were the republicans when they refused to pay for the wars, cut taxes, took money from the chinese two, why didn't republicans press for spending cuts when the president extended the tax cuts? and why doesn't the preside
we have to learn to stop worrying and love the fiscal cliff. the leaders i talked to today know their actions will take us over the cliff. i understand there is now perception among the media that the man who got every republican to pledge no new taxes is spent. the no tax increase republicans regard the stance as a birthright. a guy that is so anti-spend that he seemed to care more on these issues and more about the accountability for the disaster relief money. i can't really believe that. but...
92
92
Dec 12, 2012
12/12
by
CNBC
tv
eye 92
favorite 0
quote 0
this meeting and the fiscal cliff. so, we're looking at, you know, the next week and a half where we have a congressional, where congress is going to leave, a lot of them say they're staying if they have a deal or not. the options market was not too focused on this meeting. look at the futures curve to see that. one of the things i'll tell you right now, with december expiration, which is next friday which coincides when congress is supposed to lead, the s&p at the money straddle, if you bought that, only about 1.5%, okay? that's not pricing a whole heck of a lot. so, the market's telling you that people aren't that worried that we won't get a deal by the time congress leaves for the holidays. >> in terms to the push to riskier assets, you can believe it's the four-year anniversary of the felt's fund race basically being zero. since then, what have the markets done? nothing but go higher. the nasdaq is up 90% of that anniversary. the s&p 500 is up 57% and the dow is up 49%. hasn't this worked? >> it certainly has worke
this meeting and the fiscal cliff. so, we're looking at, you know, the next week and a half where we have a congressional, where congress is going to leave, a lot of them say they're staying if they have a deal or not. the options market was not too focused on this meeting. look at the futures curve to see that. one of the things i'll tell you right now, with december expiration, which is next friday which coincides when congress is supposed to lead, the s&p at the money straddle, if you...
156
156
Dec 12, 2012
12/12
by
CNBC
tv
eye 156
favorite 0
quote 0
larry, we are going to avoid the fiscal cliff resection. the white house is acting with impunity right now. and the white house is so far said look, we want to continue talking about one quarter of the president's own architecture. the president said there was a three to one ratio between savings and cuts and revenue. but they have been silent on this. >> little bit of breaking news. >> wow, the studio is shaking. mr. bhoener is at $800 million. no new information on then ti e ti tiltment. i'm suggesting. it is a game of chicken. neither party can afford this kind of recession. after what we've been through we can't take it. if that meanstending the tax cuts so be it. let me accept your premise. but i have to pile on more. something that is worse is a debt crisis. if you have a white house that is committed from going from $16 trillion in debt which is where the obama administration would lead us. what do you do with that knowledge? what if you come to the view that the president has created in the state of illinois which is a basket case t
larry, we are going to avoid the fiscal cliff resection. the white house is acting with impunity right now. and the white house is so far said look, we want to continue talking about one quarter of the president's own architecture. the president said there was a three to one ratio between savings and cuts and revenue. but they have been silent on this. >> little bit of breaking news. >> wow, the studio is shaking. mr. bhoener is at $800 million. no new information on then ti e ti...
90
90
Dec 12, 2012
12/12
by
CNBC
tv
eye 90
favorite 0
quote 0
economy can go right over the fiscal cliff. and the $600 billion question. will the fed, does the fed have the fiscal fire power to offset tax hikes and spending cuts and keep the economy alive? it is a good question. we do expect the fed to keep interest rates near zero at least near 2015 and also continue to buy agency backed at the pace of $4 billion per month. a big change is the end of so-called operation twist and the potential start of what some are calling qe4. there are some big questions. do we expect some answers in about 5 minutes? let's hope. but we may not have to wait. we've got our own fed insider steve liesman here. he is in washington, where he himself scaled the georgian columns of the fed building. he is here with a preview. steve, what can we expect from the final fed decision of 2012? >> as you know, brian, i run a spdr line from the monument. that's how we get up here. this is really a historic day, and i think the market really hasn't focused on it. the fed's balance sheet is really about to explode. you just gave the numbers. i want
economy can go right over the fiscal cliff. and the $600 billion question. will the fed, does the fed have the fiscal fire power to offset tax hikes and spending cuts and keep the economy alive? it is a good question. we do expect the fed to keep interest rates near zero at least near 2015 and also continue to buy agency backed at the pace of $4 billion per month. a big change is the end of so-called operation twist and the potential start of what some are calling qe4. there are some big...
237
237
Dec 12, 2012
12/12
by
CNBC
tv
eye 237
favorite 0
quote 0
>> once we get a fiscal cliff, i'm going to shot xly. >> karen? >> i like finish line. wasn't great today but very attractive here. >> beakers? >> look for other places besides the u.s. stock market. the metals were on fire today, particularly silver. slv, that's the way you play it. goes much higher. >> all right, i'm melissa lee. see you tomorrow, 9:00 a.m. we have the ceo of tomorrow's ipo solar city, then back here at 5:00 >>> i'm jim cramer and welcome to my world. >> you need to get in the game. >> he's nuts! they're nuts! they know nothing! >> i always like to say there's a bull market somewhere. "mad money." you can't afford to miss it. i'm cramer. welcome to "mad money." my job is not just to entertain but i'm trying to teachary and coach you. call me at 1-800-743-cnbc. you can blame the democrats for their inability to offer any cuts for spending. you can blame the republicans for not even wanting to consider tax increases. but don't you dear blame ben bernanke for not being willing to take bold action to get this economy hiring and moving again! even if his s
>> once we get a fiscal cliff, i'm going to shot xly. >> karen? >> i like finish line. wasn't great today but very attractive here. >> beakers? >> look for other places besides the u.s. stock market. the metals were on fire today, particularly silver. slv, that's the way you play it. goes much higher. >> all right, i'm melissa lee. see you tomorrow, 9:00 a.m. we have the ceo of tomorrow's ipo solar city, then back here at 5:00 >>> i'm jim cramer and...
44
44
Dec 12, 2012
12/12
by
CNBC
quote
eye 44
favorite 0
quote 1
hear why he says the fiscal cliff debate may not be about economics. >> the former governor of michigan will be here with his latest read on ceo sentiment. and how he feels about michigan now becoming a right-to-work state. more from the street when we come back. [ male announcer ] this is steve.
hear why he says the fiscal cliff debate may not be about economics. >> the former governor of michigan will be here with his latest read on ceo sentiment. and how he feels about michigan now becoming a right-to-work state. more from the street when we come back. [ male announcer ] this is steve.
220
220
Dec 12, 2012
12/12
by
CNBC
tv
eye 220
favorite 0
quote 0
still trying to avoid the fiscal cliff. president obama says he expects a deal before the year is out. and both sides traded offers yesterday. the markets are watching every move. >>> today is decision day for the fed. central bank announced another round of bond buying. we look ahead to the news conference with ben bernanke. >>> and michigan's governor makes history, turning a one-time union powerhouse
still trying to avoid the fiscal cliff. president obama says he expects a deal before the year is out. and both sides traded offers yesterday. the markets are watching every move. >>> today is decision day for the fed. central bank announced another round of bond buying. we look ahead to the news conference with ben bernanke. >>> and michigan's governor makes history, turning a one-time union powerhouse
129
129
Dec 12, 2012
12/12
by
KQEH
tv
eye 129
favorite 0
quote 0
the fiscal cliff debate hits the floor of the u.s. house but not much progress is made. warren buffett and others tell lawmakers to look for more money from the estate tax. >> susie: i'm susie gharib. could another major bond-buying program be on the way? what we could hear tomorrow as federal reserve policymakers wrap up their two-day meeting. >> tom: ever wonder what goes into making those cardboard store displays? tonight, we look at how one box company is using them to reinvent itself. >> susie: that and more tonight on nbr! >> tom: an agreement to ease the fiscal cliff may not be wrapped up and waiting under your tree for christmas. senate majority leader harry reid said today it would be hard to get an agreement finished by the holiday, blaming the delay on republicans. not surprisingly, republicans say the president hasn't gotten serious about the talks. plenty of outside groups are offering up suggestions. and as darren gersh reports, they include warren buffett and some other big names in finance. >> reporter: there was some public movement in the fiscal cliff s
the fiscal cliff debate hits the floor of the u.s. house but not much progress is made. warren buffett and others tell lawmakers to look for more money from the estate tax. >> susie: i'm susie gharib. could another major bond-buying program be on the way? what we could hear tomorrow as federal reserve policymakers wrap up their two-day meeting. >> tom: ever wonder what goes into making those cardboard store displays? tonight, we look at how one box company is using them to reinvent...
94
94
Dec 12, 2012
12/12
by
KQED
tv
eye 94
favorite 0
quote 0
some experts think the overhang of the fiscal cliff will likely dampen investor enthusiasm. erika miller, nbr, new york. >> tom: the latest economic statistics the federal reserve can consider is the october trade balance, with american importing a record amount of stuff from china. that increased our trade deficit to $42.2 billion. u.s. exports fell 3.6%, the biggest drop in almost four years. imports also fell, down 2.1% to the lowest in 20 months. on wall street, the dow gained 78, the nasdaq rose 44, the s& up nine. >> susie: our next guest says the fed's stimulus policies have been good for the u.s. economy and the markets. he's mike holland, chairman of his money management firm, holland and company. >> susie: mike, you heard erica's report. which do you think is more important for investors, fed policy action tor the fiscal cliff talks? >> right now, susie, the fiscal cliff talks are clearly the item dejure for the stock market. i think most people expect exactly what eric miller was talking about from the fed. and bern bueno ben bernanke hasn transparent and telling
some experts think the overhang of the fiscal cliff will likely dampen investor enthusiasm. erika miller, nbr, new york. >> tom: the latest economic statistics the federal reserve can consider is the october trade balance, with american importing a record amount of stuff from china. that increased our trade deficit to $42.2 billion. u.s. exports fell 3.6%, the biggest drop in almost four years. imports also fell, down 2.1% to the lowest in 20 months. on wall street, the dow gained 78, the...
115
115
Dec 12, 2012
12/12
by
CSPAN
tv
eye 115
favorite 0
quote 0
negotiations continue over the so-called looming fiscal cliff. yesterday president obama and john boehner spoke by phone. washington post reported however that they are still working on a deal and nothing is locked down yet. we will talk more about the fiscal cliff this morning on "the washington journal." what tax deductions would you give up as part of a solution to the deficit problems? here are the numbers to call. for republicans, 202-585-3881. for democrats, 202-585-3880. for independents, 202-585-3882. you can also find us online. send us a tweet, twitter.com/c- spanwj. find a son facebook and weigh in there. at journal@c- span.org. "the christian science monitor," asked what we would be willing to give up. "americans would be willing to give up the tax deduction for charitable giving over other popular tax breaks." host: let's take a look at the results of this poll. 25% said that they would be willing to give up the charitable giving tax deduction. almost the same amount said it would be willing to give up their deduction for state taxes
negotiations continue over the so-called looming fiscal cliff. yesterday president obama and john boehner spoke by phone. washington post reported however that they are still working on a deal and nothing is locked down yet. we will talk more about the fiscal cliff this morning on "the washington journal." what tax deductions would you give up as part of a solution to the deficit problems? here are the numbers to call. for republicans, 202-585-3881. for democrats, 202-585-3880. for...
63
63
Dec 12, 2012
12/12
by
CSPAN
tv
eye 63
favorite 0
quote 0
the fiscal cliff is more than -- is not about the fiscal cliff at all. this fiscal cliff is about other things. there are a number of things that need be addressed. this discussion really is not about the fiscal cliff, per cent. congress and the president can come together quickly and pass a bill that would put off the fiscal cliff, he there for some large amount of time or even indefinitely. it really is about making a down payment on closing deficits in the future. i would say it is also really about the president's campaign not this -- not just this past election but his first election to hike taxes on the successful. we have to see some real leadership on the longer-term budget unsustainable issues. what we do not need is negotiating in the political theater. when we see that stop, that we know we will be serious about whether we will resolve the fiscal cliff and have some large down payment. when it comes to republicans and conservatives, there are three things to bearer in mind. one is the house republicans they were elected to cut spending and not
the fiscal cliff is more than -- is not about the fiscal cliff at all. this fiscal cliff is about other things. there are a number of things that need be addressed. this discussion really is not about the fiscal cliff, per cent. congress and the president can come together quickly and pass a bill that would put off the fiscal cliff, he there for some large amount of time or even indefinitely. it really is about making a down payment on closing deficits in the future. i would say it is also...
222
222
Dec 12, 2012
12/12
by
MSNBCW
tv
eye 222
favorite 0
quote 0
the markets will respond badly if we go over the fiscal cliff. foreign investors will respond badly if america goes over the fiscal cliff at the end of this year. there's a sense, i'm hearing, increasing pessimism among republicans that say we can't afford to have these kinds of talks, even the stalling process doesn't look good for the country. >> there's other incentives that are bringing both republicans, especially the white house, to the table with respect to the fiscal cliff. we did reporting on this. >> your bosom buddy. >> yeah, but there's stimulus the white house wants as a result of the fiscal cliff deal. they don't want to see a lapse, for instance, in the payroll tax cut. although they'd be fine with it being replaced by something else. unemployment insurance passed, infrastructure spending, those are incentives for the white house to cut a deal on the fiscal cliff as opposed to just going over it and saying, okay, we'll just take the, you know, sequester cuts and bush tax rates. >> that's right, and they were willing to do that in 2
the markets will respond badly if we go over the fiscal cliff. foreign investors will respond badly if america goes over the fiscal cliff at the end of this year. there's a sense, i'm hearing, increasing pessimism among republicans that say we can't afford to have these kinds of talks, even the stalling process doesn't look good for the country. >> there's other incentives that are bringing both republicans, especially the white house, to the table with respect to the fiscal cliff. we did...
87
87
Dec 12, 2012
12/12
by
FBC
tv
eye 87
favorite 0
quote 0
cliff gets resolved and some intermediate way, there's still fiscal drag not flags by the entire fiscal cliff so that is the underlying assumption that most people took when they made their projections but you are absolutely right that they're a lot of uncertainty right now and the fiscal cliff situation to be resolved in a way different from expectations you would see changes in the forecast. [inaudible] >> thanks very much, mr. chairman. could you talk about whether the decision to maintain the purchase of $85 billion a month represents are ramping up of additional easing of that policy because you are adding a little more to the side of the balance sheet, and also you talked about maintaining the asset purchases and substantial improvement in the labour market and you want to take a different approach but you also have a 6% inflation threshold. could you talk about what sort of evidence you see to make you change the pace or slow theepace of purchases? >> the first part of the question was is this an additional stimulus? >> this is a continuation of what we said in september. you rec
cliff gets resolved and some intermediate way, there's still fiscal drag not flags by the entire fiscal cliff so that is the underlying assumption that most people took when they made their projections but you are absolutely right that they're a lot of uncertainty right now and the fiscal cliff situation to be resolved in a way different from expectations you would see changes in the forecast. [inaudible] >> thanks very much, mr. chairman. could you talk about whether the decision to...
87
87
Dec 12, 2012
12/12
by
FBC
tv
eye 87
favorite 0
quote 0
trading words in any progress or lack thereof on the looming fiscal cliff. david: live with the very latest proposals, if there are any real ones. >> all of this with a sense of optimism from both sides. no movement to secure a deal. wanting immediate tax rate hikes on the wealthy on the spending cuts. latest offer, $1.4 trillion in new tax revenue down from a previous offer of 1.6 trillion. and willingness to begin corporate tax reform. house speaker john boehner says that deal fell short. speak of the president's plan to avert the fiscal cliff still does not meet the two standards as laid out the day after the election. the plan does not fulfill his promise to bring a balanced approach to solving this problem. >> it is not a realistic position to say that we can resolve this by extending tax cuts for the wealthiest americans and vaguely promising that we will lean additional revenue by closing loopholes and counting deductions in a way everyone knows is unrealistic. >> republicans continue to refuse to raise tax rates on wealthier families, the official cl
trading words in any progress or lack thereof on the looming fiscal cliff. david: live with the very latest proposals, if there are any real ones. >> all of this with a sense of optimism from both sides. no movement to secure a deal. wanting immediate tax rate hikes on the wealthy on the spending cuts. latest offer, $1.4 trillion in new tax revenue down from a previous offer of 1.6 trillion. and willingness to begin corporate tax reform. house speaker john boehner says that deal fell...
113
113
Dec 12, 2012
12/12
by
FBC
tv
eye 113
favorite 0
quote 0
are we going to go up the fiscal cliff? isn't a mountain or a clip? somebody has to do something. >> everyone is fighting over tax increases and tax hikes. i get that. we need to find something they agree on. we need to take the pieces of the puzzle into them together. tracy: yes, they end up using every dollar that they have and there is nothing left at the end of the day. it is almost how we feel is the american people watching us. they are just waiting our money while they are fighting. >> where has everyone been the last two years? that is the biggest problem. can you get to economize everyone feels okay with? a really good compromise from both parties is important. it is an actual compromise. an amicable resolve. i think sitting here watching the news, sitting in sending an agreement, who knows what would happen? time is ticking. tracy: have there been any glaring mistakes that they have made in the compromising process? >> well, i think that people are coming from a viewer standpoint, they are saying, okay, if you're not showing all your cards.
are we going to go up the fiscal cliff? isn't a mountain or a clip? somebody has to do something. >> everyone is fighting over tax increases and tax hikes. i get that. we need to find something they agree on. we need to take the pieces of the puzzle into them together. tracy: yes, they end up using every dollar that they have and there is nothing left at the end of the day. it is almost how we feel is the american people watching us. they are just waiting our money while they are...
105
105
Dec 12, 2012
12/12
by
MSNBCW
tv
eye 105
favorite 0
quote 0
. >>> turning now to politics and the fiscal cliff negotiation. president obama and speaker boehner are keeping an open dialogue. speaking on the phone yesterday after trading secret proposals to avoid the year-end deadline. with few details revealed, officials say the president lowered his initial asking price on tax cuts to $1.4 trillion. president boehner took his displeasure to the house floor. >> we're still waiting for the white house to identify what spending cuts the president is willing to make as part of the balanced approach that he promised the american people. where are the president's spending cuts? the longer the white house slow-walks this process, the closer our economy gets to the fiscal cliff. >> president obama responded, showing republicans where they could find the details. >> it's not a mystery. we've seen this before. this is the document that contains the specific spending cuts. the speaker of the house sent us a proposal that was two pages long that included one sentence on revenue. the proposal here includes, i believe f
. >>> turning now to politics and the fiscal cliff negotiation. president obama and speaker boehner are keeping an open dialogue. speaking on the phone yesterday after trading secret proposals to avoid the year-end deadline. with few details revealed, officials say the president lowered his initial asking price on tax cuts to $1.4 trillion. president boehner took his displeasure to the house floor. >> we're still waiting for the white house to identify what spending cuts the...
106
106
Dec 12, 2012
12/12
by
MSNBCW
tv
eye 106
favorite 0
quote 0
we're one day closer to the dreaded fiscal cliff and washington is freezing over. >>> the fiscal cliff is coming to town. >> he says he's an optimist. >> i remain optimistic. >> i remain the most optimistic person in this town. >> but he doesn't sound optimistic. >> i'm pretty confident republicans would not hold middle class taxes hostage. >> we've got differences. >> taxes are going up one way or the other. >> the president and i had a deliberate talk. >> the key is to make sure the taxes go up on the high end individuals like you and me, barbara. we can afford it. >> they're going to have to cave in on this rate increase on the rich. >> we're going to stay here right up until christmas eve. >> the time is running short. >> merry cliffmas. ♪ >>> bundle up, everybody. because it is cold out there. and with just 12 days to hanging our stockings by the chimney and 20 days until the dreaded fiscal cliff, there's a distinct chill in the air. after the exchange of new offers, the president phones john boehner last night for one what aide described as a tense call. the speaker today, he h
we're one day closer to the dreaded fiscal cliff and washington is freezing over. >>> the fiscal cliff is coming to town. >> he says he's an optimist. >> i remain optimistic. >> i remain the most optimistic person in this town. >> but he doesn't sound optimistic. >> i'm pretty confident republicans would not hold middle class taxes hostage. >> we've got differences. >> taxes are going up one way or the other. >> the president and i had a...
674
674
Dec 12, 2012
12/12
by
CNNW
tv
eye 674
favorite 0
quote 2
from going over the so-called fiscal cliff. house republicans meeting right now and we expect to hear from the house speaker at the top of the hour. dana bash, capitol hill, following the negotiations. how many times have i said fiscal cliff over the past couple months, i can't even, if i had a nickel for every time i'd be a wealthy man. >> we'd be able to avert the fiscal cliff. >> exactly, very good, so much more clever and quicker than i am. dana good morning. the president and the house speaker offered new proposals. what do you know about them, if anything? >> reporter: you know, they're being very, very careful, they're holding their cards close to the vest, which i think you know as a reporter is frustrating but as somebody who certainly wants to get, to see this solved, that that is a completely nonpart son thing to say. it maybe is a good sign, because both sides are being very careful not to let the cat out of the bag on some of the specifics because they don't want the process to blow up even before it really starts
from going over the so-called fiscal cliff. house republicans meeting right now and we expect to hear from the house speaker at the top of the hour. dana bash, capitol hill, following the negotiations. how many times have i said fiscal cliff over the past couple months, i can't even, if i had a nickel for every time i'd be a wealthy man. >> we'd be able to avert the fiscal cliff. >> exactly, very good, so much more clever and quicker than i am. dana good morning. the president and...
213
213
Dec 12, 2012
12/12
by
CNNW
tv
eye 213
favorite 0
quote 0
to sdus fiscal cliff deals. a deal was not sealed. we're 20 days from the fiscal cliff. time becoming critical. congress going on christmas break two days from now, shannon travis following the snipping and deal making in washington. shannon, what's in the proposals? do you know? >> zoraida, this will be confusing for viewers. let's try to break this down as simple as possible. president obama and house speaker john boehner spoke yesterday evening after an offer from the white house and a counteroffer from republicans. the white house offer, the white house wanted 1.6 trillion in new revenue in terms of increased tax occasion -- reducing -- excuse me. increasing the rates on the wealthiest americans. now they are down to 1.4 trillion on monday. on tuesday, the republicans responded. we don't have a whole lot of details on that but bainary's office saying, you know what, white house? show us cuts to entitlement spending before we talk about entitlement reform. amid that back drop, since nothing is firm just yet. republicans and democrats are obviously still as you mention
to sdus fiscal cliff deals. a deal was not sealed. we're 20 days from the fiscal cliff. time becoming critical. congress going on christmas break two days from now, shannon travis following the snipping and deal making in washington. shannon, what's in the proposals? do you know? >> zoraida, this will be confusing for viewers. let's try to break this down as simple as possible. president obama and house speaker john boehner spoke yesterday evening after an offer from the white house and a...
387
387
Dec 12, 2012
12/12
by
KPIX
tv
eye 387
favorite 0
quote 0
despite all the gloom the president said he remains confident a fiscal cliff deal will get done. charlie and norah? >> major garrett thank you. nancy pelosi leads the democratseads in the house of representatives. we're pleased to have her with this m us.good good morning. >> good morning. >> where are these negotiations? when they were bargaining over the grand bargain you gave the the president and your caucus did cus d room to go in there and negotiate. he has that i assume, again, sosume he can put spending cuts and cuts and entitlement cuts on the table.he presi >> the president knows our views, sha views, shares our values. we respect his leadership and there's a recognition that he he may need our votes.e's n >> but there's no red line for you and the democrats in the use. house. you want the president to make a deal and deal and lay out what he can do.do. >> that is true. t however, we want what happens toe of the be fair and to work.e and one of the things we object to is raising the medicare age. red >> it's not a red line for you?g that >> it's something that says don'
despite all the gloom the president said he remains confident a fiscal cliff deal will get done. charlie and norah? >> major garrett thank you. nancy pelosi leads the democratseads in the house of representatives. we're pleased to have her with this m us.good good morning. >> good morning. >> where are these negotiations? when they were bargaining over the grand bargain you gave the the president and your caucus did cus d room to go in there and negotiate. he has that i...
132
132
Dec 12, 2012
12/12
by
KQED
tv
eye 132
favorite 0
quote 0
one of the examples, we can see here, "charlie cook has called the fiscal cliff negotiations a roller coaster ride." an inside to roller coasters everywhere. is he right, though? >> well, this whole fiscal cliff melodrama is a bit artificial because congress created this deadline for itself and doesn't seem able to fix. but these groups have a serious message and they're asking congress to something very difficult so using a alan simpson gangnam style video and tweeting certain groups, there was a treat about the impact the automatic tax hike would have on latino families, these are ways in which these groups are trying to hone their message so they can get people mobilized, put pressure on the white house or the congress or both to act here. >> and the campaign is called the millennial campaign. >> woodruff: so it's engaging people who wouldn't be part of these kinds of debates. very interesting. we had another big important user on twit they are week. someone already who already has 1.2 billion followers before he ever joined twitter and that's the pope who is out there. he sent his
one of the examples, we can see here, "charlie cook has called the fiscal cliff negotiations a roller coaster ride." an inside to roller coasters everywhere. is he right, though? >> well, this whole fiscal cliff melodrama is a bit artificial because congress created this deadline for itself and doesn't seem able to fix. but these groups have a serious message and they're asking congress to something very difficult so using a alan simpson gangnam style video and tweeting certain...
239
239
Dec 12, 2012
12/12
by
COM
tv
eye 239
favorite 0
quote 0
i don't want to talk about the fiscal cliff and you don't want to hear about it. for the next 20 days, all pundit are contractually obligated to talk budgetary policy and you the viewer are obligated to listen. check your cable contract. (laughter) it's right below the part where come cast gets your kidneys. they'll be there to pick them up tomorrow between the hours of 9:00 a.m. and 6:00 p.m. wear something loose. (laughter) if the parties here cannot agree to a budget deal by january 1, automatic spending cuts will kick in and plunge america into a second recession things are not looking too good. >> in washington, a fly in the ointment. debt deal negotiations have stalled. >> the fiscal cliff stalemate remains. >> the standoff continues. there isn't a lot of reason for hope. >> democrats and republicans are blaming each other for the stalled negotiations. >> who's going to blink sglirs what's going to blink first. >> the white house is daring republicans literally to blink. (laughter) >> stephen: obama is daring republicans literally to blink. well, the joke's
i don't want to talk about the fiscal cliff and you don't want to hear about it. for the next 20 days, all pundit are contractually obligated to talk budgetary policy and you the viewer are obligated to listen. check your cable contract. (laughter) it's right below the part where come cast gets your kidneys. they'll be there to pick them up tomorrow between the hours of 9:00 a.m. and 6:00 p.m. wear something loose. (laughter) if the parties here cannot agree to a budget deal by january 1,...
187
187
Dec 12, 2012
12/12
by
CURRENT
tv
eye 187
favorite 0
quote 1
taxes, fiscal cliff. why do you have to bring in social security and medicare and fix something that's not broke? >> stephanie: social security's case, we keep saying doesn't add a penny to the deficit. >> it is absurd. if you're going to curtail something or act like something is horribly busted, then i would say the military expenditures that go into effect because of the sequestration actually are something that's a crucial. they're going to drop off immediately and the spending on them is overtly far beyond its necessity. >> stephanie: it is more than the military asks for. congress is trying to give them more. >> to do what with? it is not like they're not ahead technologically from -- on every front. >> but we need to be able to blow up the world 150 times not 147. >> stephanie: otherwise we're french and gay. ron in illinois, you're on "the stephanie miller show." hi ron. >> caller: good morning, steph. >> stephanie: good morning. >> caller: i don't understand why john boehner think -- unless he's
taxes, fiscal cliff. why do you have to bring in social security and medicare and fix something that's not broke? >> stephanie: social security's case, we keep saying doesn't add a penny to the deficit. >> it is absurd. if you're going to curtail something or act like something is horribly busted, then i would say the military expenditures that go into effect because of the sequestration actually are something that's a crucial. they're going to drop off immediately and the spending...
278
278
Dec 12, 2012
12/12
by
CNNW
tv
eye 278
favorite 0
quote 1
the other day, we were talking about the fiscal cliff. and you tell us it will be really, really bad. why does the market keep going up? >> everyone thinks they will fix it. in the market, the question, what will the top rate be for the highest earners. 37%? the market says there will be a deal and lower corporate tax rates. if there isn't a deal, after the first of the year, a big stock market sell-off. >> we'll talk about the 20 days left to the fiscal cliff, straight ahead. >>> still ahead, a prominent republican now officially a democrat. we'll take a closer look at why former florida governor charlie crist left the gop behind. he'll join us to talk about that. >>> and the hit reality show "storage wars," by the way, i love that show. is it fake? what one star is saying. say it ain't so. that in a moment. mmmm. [ female announcer ] make new traditions with pillsbury grands! cinnamon rolls. [ sniffs ] i took dayquil but my nose is still runny. [ male announcer ] truth is, dayquil doesn't treat that. really? [ male announcer ] alka-selt
the other day, we were talking about the fiscal cliff. and you tell us it will be really, really bad. why does the market keep going up? >> everyone thinks they will fix it. in the market, the question, what will the top rate be for the highest earners. 37%? the market says there will be a deal and lower corporate tax rates. if there isn't a deal, after the first of the year, a big stock market sell-off. >> we'll talk about the 20 days left to the fiscal cliff, straight ahead....
221
221
Dec 12, 2012
12/12
by
CNNW
tv
eye 221
favorite 0
quote 0
fiscal cliff? is it a slope, maybe? he said, no, it's a fiscal can cliff because the economy will hit a brick wall if there is not a deal in january. he says it is not hype. >> he's basically saying if we go over the fiscal cliff, if these lawmakers and white house doesn't make a deal, it could lead to a recession? >> that >> reporter: that's right. we could hit another recession if we go over the fiscal cliff. >>> shoppers that dive for cover as a gunman opens for cover in an oregon mall. we're going to give you the latest details, including the newly released identity of the man. >>> internet pioneer john mcafee is on his way back to the united states. kate bolduan is monitoring that story and others. >> guatemala officials escorted him to the airport and he boarded the plane to miami after a deportation order from guatemala. he is wanted for questioning in belize over the death of a neighbor. we've been following his story pretty closely. mcafee was held in guatemala for a week. he made his fortune from the anti-viru
fiscal cliff? is it a slope, maybe? he said, no, it's a fiscal can cliff because the economy will hit a brick wall if there is not a deal in january. he says it is not hype. >> he's basically saying if we go over the fiscal cliff, if these lawmakers and white house doesn't make a deal, it could lead to a recession? >> that >> reporter: that's right. we could hit another recession if we go over the fiscal cliff. >>> shoppers that dive for cover as a gunman opens for...
473
473
Dec 12, 2012
12/12
by
KGO
tv
eye 473
favorite 0
quote 0
economy and that pending fiscal cliff. are we going to go over the fiscal cliff? >> you know, i remain optimistic that there are enough people of good will in this town that recognize our economy will be much better off, american families will be much better off, if we get this done. the most important thing we can do is make sure the middle class taxes do not go up january 1st and i'm pretty confident that republicans would not hold middle class taxes hostage to try to protect tax cuts for high income individuals. >> reporter: prediction. are you going to be able to raise taxes? yes or no? >> oh, taxes are going to go up one way or the other. >> reporter: oh, they are? >> and i think the key is to make sure the taxes go up on high end individuals like you and me, barbara. we can afford it. it is entirely possible for us to come up with a deal. but time is running short. >> reporter: the president sounded optimistic about avoiding the fiscal cliff. he said, of his meeting with speaker boehner, "i think the tone was good. i believe both speaker boehner and myself a
economy and that pending fiscal cliff. are we going to go over the fiscal cliff? >> you know, i remain optimistic that there are enough people of good will in this town that recognize our economy will be much better off, american families will be much better off, if we get this done. the most important thing we can do is make sure the middle class taxes do not go up january 1st and i'm pretty confident that republicans would not hold middle class taxes hostage to try to protect tax cuts...
105
105
Dec 12, 2012
12/12
by
FBC
tv
eye 105
favorite 0
quote 0
wall street is very, very nervouu about the future even if we don't hit the fiscal cliff. wall street sort of fantasy would be to impose simpson-bowles. you do a radical change, close all the loopholes, that is probably not going to happen. we're lucky if we get some sort of a deal to get us beyond the fiscal cliff and budget cuts kick in. even take that out of it, they are just increasingly pessimistic about the future. tracy: you have dodd-frank coming, regulations for which you have to appear. >> morgan stanley is not cutting medicare, that is what happens with the fiscal cliff. liz: i think they took our comments from when citigroup led off people and said don't do that in december, we have to do it, and do it in november. >> he is a good guy. totally opposite, very rational, nice, smart guy. he does have a firm to run. and he has economic realities, giving you the economic realities of morgan stanley. i hear there could be cuts there as well. i don't think morgan stanley will go a deep as citigroup. i think they will do a little bit. we should also point out one other
wall street is very, very nervouu about the future even if we don't hit the fiscal cliff. wall street sort of fantasy would be to impose simpson-bowles. you do a radical change, close all the loopholes, that is probably not going to happen. we're lucky if we get some sort of a deal to get us beyond the fiscal cliff and budget cuts kick in. even take that out of it, they are just increasingly pessimistic about the future. tracy: you have dodd-frank coming, regulations for which you have to...
150
150
Dec 12, 2012
12/12
by
KTVU
tv
eye 150
favorite 0
quote 0
will lawmakers strike a deal on avoid the fiscal cliff by the new year? plus, union members flock to michigan's capital. the changes ahead for the workforce in the great lakes state. first business starts now. you're watching first business: financial news, analysis, and today's investment ideas. good morning and happy 12-12-12! i'm angela miles. in today's first look: the market rallied into today's anouncement from the federal reserve which includes a news conference from fed chair ben bernanke. the dow is now up for the 5th session in a row. the other big news - oil was a gainer for the first time in 6 sessions. explosive details are emerging that fedex was "systematically overcharging" businesses and the goverment. the emailed comments were released in court documents in a class action lawsuit. a fedex official says the documents don't tell the whole story. and shares of rare earth molycorp fell 5% on word the cmpany is seraching for a permanent ceo. larry shover of sfg alternatives joins us now for an early look at the market. good morning to you. an
will lawmakers strike a deal on avoid the fiscal cliff by the new year? plus, union members flock to michigan's capital. the changes ahead for the workforce in the great lakes state. first business starts now. you're watching first business: financial news, analysis, and today's investment ideas. good morning and happy 12-12-12! i'm angela miles. in today's first look: the market rallied into today's anouncement from the federal reserve which includes a news conference from fed chair ben...
126
126
Dec 12, 2012
12/12
by
MSNBCW
tv
eye 126
favorite 0
quote 0
no fiscal cliff photo opes today. the fewer supposedly the better news when it comes to the republicans and the president cutting a deal. we will see if they are right. you are watching t"the daily rundown" only on msnbc. [ mother ] you can't leave the table till you finish your vegetables. [ clock ticking ] [ male announcer ] there's a better way... v8 v-fusion. vegetable nutrition they need, fruit taste they love. could've had a v8. or...try kids boxes! [ male announcer ] we began serving handcrafted coffees in seattle, and people seemed to like it. so we wondered -- where else could we take this? ♪ for over 40 years, we've brought our passion for fine coffee and espresso to people everywhere. but one place was impossible, until now. our lattes, espresso and brewed coffee, now in your home from a machine like no other. and now $50 off through january 1st. the verismo® system, by starbucks. [ sniffs ] i took dayquil but my nose is still runny. [ male announcer ] truth is, dayquil doesn't treat that. really? [ male
no fiscal cliff photo opes today. the fewer supposedly the better news when it comes to the republicans and the president cutting a deal. we will see if they are right. you are watching t"the daily rundown" only on msnbc. [ mother ] you can't leave the table till you finish your vegetables. [ clock ticking ] [ male announcer ] there's a better way... v8 v-fusion. vegetable nutrition they need, fruit taste they love. could've had a v8. or...try kids boxes! [ male announcer ] we began...
130
130
Dec 12, 2012
12/12
by
FOXNEWSW
tv
eye 130
favorite 0
quote 0
and these taxes are going up regardless what have happens with the fiscal cliff. these tacks are written in obamacare. and if taxes do i- deed go up on the top two brackets as a result of the fiscal cliff, that will be on top of the obamacare taxes. >> is there any way for us, the nation, to police the earnings or profits are insurance company under obamacare? there are all of these extra, they get the extra deals. now the insurance companies get the extra deals because they have lobbyists and probably sent them over to the white house and capitol hill and they got the $25 billion that the extra americans don't get, the special deal. how do we know we aren't getting totally scammed by the insurance companies? >> the insurance companies obviously a lot of them wanted obamacare because they sell a product. >> risk. they sell risk. >> and the law -- >> or buy risk. >> and the leforss all ever us to buy their product. if we don't have enough money to buy their product, the law gives taxpayer paid subsidies to buy their product. what's not to like for them? they are pr
and these taxes are going up regardless what have happens with the fiscal cliff. these tacks are written in obamacare. and if taxes do i- deed go up on the top two brackets as a result of the fiscal cliff, that will be on top of the obamacare taxes. >> is there any way for us, the nation, to police the earnings or profits are insurance company under obamacare? there are all of these extra, they get the extra deals. now the insurance companies get the extra deals because they have...
256
256
Dec 12, 2012
12/12
by
FOXNEWSW
tv
eye 256
favorite 0
quote 0
you were chatting about some of the fiscal cliff issues overall watching so closely. how do you prioritize here? how does egypt figure in this letter for example, to some of the other challenges we're facing as a country? >> well egypt is an international challenge for us and a foreign relations challenge for us but egypt has been prior to the revolution one of the more stablizing forces in the middle east. there's a huge election that started today in embassies around the world for egyptians and will culminate this saturday when they start the vote on the new constitution. there is a lot of concern about the new constitution. a lot of concern about the power it gives president morsi. that will be a major issue for us in the united states. jenna: how concerned are you some of the smuggle abouted weapons will be turned on us? >> the smuggled weapons won't be turned on us per se. but because of our pact to defend israel if they attack israel they are attack the united states. jenna: you said we don't need a threat now? >> we need diplomacy to work and president morsi to
you were chatting about some of the fiscal cliff issues overall watching so closely. how do you prioritize here? how does egypt figure in this letter for example, to some of the other challenges we're facing as a country? >> well egypt is an international challenge for us and a foreign relations challenge for us but egypt has been prior to the revolution one of the more stablizing forces in the middle east. there's a huge election that started today in embassies around the world for...
249
249
Dec 12, 2012
12/12
by
FOXNEWSW
tv
eye 249
favorite 0
quote 0
it is exempt from the sequester cut that are part of the fiscal cliff. tonight, correspondent shannon bream on the expensive history of a costly benefit. >> the the precursor to today's food stamp program, substantial nutrition assistance program or snap is rooted in the late 1930s and early '40s when the federal officials look to solve two problems at once to make sure urban families in need could attain the surplus that the rural farmers need to unload. it ended when the imbalance between the need and surplus was extinguished and restarted in the 1960s and existed in several versions since then. by 1970 there were 4.3 million recipients. fast forward to 2012 that number is up by 1,000% to 47.7 million. >> if a guarantee thing, entitlement program. that means if you meet the income qualifications the got must give you the money. whether the government has any money to give you or not. if they don't, they have to borrow it. >> that is right. spending on food stamps that hit $75 billion in fiscal year 2012012 is non-negotiable, exemt from the sequest trat
it is exempt from the sequester cut that are part of the fiscal cliff. tonight, correspondent shannon bream on the expensive history of a costly benefit. >> the the precursor to today's food stamp program, substantial nutrition assistance program or snap is rooted in the late 1930s and early '40s when the federal officials look to solve two problems at once to make sure urban families in need could attain the surplus that the rural farmers need to unload. it ended when the imbalance...
185
185
Dec 12, 2012
12/12
by
MSNBCW
tv
eye 185
favorite 0
quote 0
coming up, the confusion over what's really going on with the fiscal cliff talks. our first read team said just look at the headlines. senior political editor mark murray joins me live. which of the headlines does he believe is more accurate. check out the "news nation" tumbler page and you will find behind the scenes pictures. i guess we took this to mark 12-12-12 and we do you wanted hospital. maybe some of us will go to the concert to help sandy relief. 12-12-12. new trident layers juicy berry + tangy tangerine is a thrilling, dual-flavored ride to mouth fun-town. but it's not like everyone is going to break into a karaoke jam session. ♪ this will literally probably never happen. ♪ ♪ i want candy ♪ ♪ i want candy time for citi price rewind. because your daughter really wants that pink castle thing. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly
coming up, the confusion over what's really going on with the fiscal cliff talks. our first read team said just look at the headlines. senior political editor mark murray joins me live. which of the headlines does he believe is more accurate. check out the "news nation" tumbler page and you will find behind the scenes pictures. i guess we took this to mark 12-12-12 and we do you wanted hospital. maybe some of us will go to the concert to help sandy relief. 12-12-12. new trident layers...
99
99
Dec 12, 2012
12/12
by
MSNBCW
tv
eye 99
favorite 0
quote 0
>>> but we begin with the latest on the fiscal cliff. republicans made another counteroffer but it's reportedly not much different from their first offer. though we don't have specifics, we do know the president and john boehner talked on the phone last night and that call, according to a republican familiar with it, was tense and lasted just 15 minutes. i want to bring in real clear politics reporter aaron mcpike and david hawkings, editor of the cq roll call daily briefing. good morning. so president obama sat down with barbara walters last night. here's what he said. >> most important thing we can do is make sure the middle class taxes do not go up on january 1st and i'm pretty confident that republicans would not hold middle class taxes hostage to try to protect tax cuts for high income individuals. >> so he's confident. is it almost a foregone conclusion, do you think, david, that this is going to be the first piece of the puzzle that falls into place? >> i'm pretty confident that that's going to have to be the first piece of the pu
>>> but we begin with the latest on the fiscal cliff. republicans made another counteroffer but it's reportedly not much different from their first offer. though we don't have specifics, we do know the president and john boehner talked on the phone last night and that call, according to a republican familiar with it, was tense and lasted just 15 minutes. i want to bring in real clear politics reporter aaron mcpike and david hawkings, editor of the cq roll call daily briefing. good...
93
93
Dec 12, 2012
12/12
by
FBC
tv
eye 93
favorite 0
quote 0
we have to avert the fiscal cliff. my concern is it drives us into recession, knocks up employment up, and i agree with you, we have to ensure more peopl have more of their own money in the pockets to decide what to save, spend, what to invest, and anything that hurts our fragile economy, i think is bad for all americans, especially those like you talk about, trying to put food on the table and get the kids to school. acy: anything you come to the tail on? concessions to give into in order to get it done to avert the cliff? >> john boehner talked about increasing revenue. i think we need to do that through jobs and growth and getting more people back to work. unemploymentnumbers continue to be very high. our big problem is the sending. we continue to spend too much, and we have to make adjustments now to make sure we save and protect medicare and social security for future generation. tracy: there's no talk about that. raise taxes six ways until tuesday, and it's not covering the debt or spending habits at the end of t
we have to avert the fiscal cliff. my concern is it drives us into recession, knocks up employment up, and i agree with you, we have to ensure more peopl have more of their own money in the pockets to decide what to save, spend, what to invest, and anything that hurts our fragile economy, i think is bad for all americans, especially those like you talk about, trying to put food on the table and get the kids to school. acy: anything you come to the tail on? concessions to give into in order to...
275
275
Dec 12, 2012
12/12
by
CNNW
tv
eye 275
favorite 0
quote 0
this is not the first fiscal cliff. we have a fiscal cliff every year with renewing the amt, with fixing the medicare payment rate, the so-called doc fix. we make policy in a crazy way in this country. what i think republicans are trying to do is say let's look at structural solutions that can lower the cost of these programs over the long term rather than doing a patch at the last minute every darn year. that's the way we make policy and it is absolutely crazy. >> amen. >> don't go out tonight. we could have further details breaking as we speak. thanks to both of you. >>> coming up next, on "outfront" it's been exactly three months, three months, since terrorists attacked our u.s. mission in benghazi and yes, you haven't seen a head line about an arrest and any justice in any form. >>> also, new information about that navy s.e.a.l. who died during a daring rescue mission in afghanistan. we will go to his hometown, meet the people who knew him best, hear more about him. >>> also, the nurse who committed suicide after fa
this is not the first fiscal cliff. we have a fiscal cliff every year with renewing the amt, with fixing the medicare payment rate, the so-called doc fix. we make policy in a crazy way in this country. what i think republicans are trying to do is say let's look at structural solutions that can lower the cost of these programs over the long term rather than doing a patch at the last minute every darn year. that's the way we make policy and it is absolutely crazy. >> amen. >> don't go...
161
161
Dec 12, 2012
12/12
by
KRON
tv
eye 161
favorite 0
quote 0
this is as bad as the fiscal cliff. >> let's talk about was born on with the oil. the opec oil is up and we did have a analysts come out this stated that the u.s. oil could go down to $50 a barrel. the american energy beam outside right now--this pushes the demand for all to go down along with the pulse. if this is a good thing and this is one of the things that is open the markets right now. cars are doing well for america. gm is doing well for america. >> we are hearing that there is a lot oil sitting at refineries. they stated that we have not build a refinery since 1976. do we need to build more refineries? >> good luck with that. no one else will do it. we set our oil refineries to other companies to have them do it, to dirty their in violence. >> thank you rob for the updates. >> it is not too much that we should be concerned with. most of the shower reactivity is to our east. i do want to as soon man around the bay area because we did see ran round the san rafael bridge. you may need to use your windshield wipers. we are picking up some light rain over porti
this is as bad as the fiscal cliff. >> let's talk about was born on with the oil. the opec oil is up and we did have a analysts come out this stated that the u.s. oil could go down to $50 a barrel. the american energy beam outside right now--this pushes the demand for all to go down along with the pulse. if this is a good thing and this is one of the things that is open the markets right now. cars are doing well for america. gm is doing well for america. >> we are hearing that there...